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Gold prices today continued their uptrend today for the second day in Indian markets. On MCX, June gold futures rose 1% or ₹464 to ₹46,631 per 10 gram, after a nearly 2% or ₹850 gain in the previous session. Silver today saw sharper gains, rising 2.3% or ₹931 to ₹42,647 per kg.
Gold Technical Analysis – Gold Prices Rally Ready to Break Out?
Gold Technical Analysis – Gold prices surged higher rising 0.8% and closing at a seven-year high. The next level of target resistance is the April high at $1,747. After that level, gold could rally to $1,927 level. A break of this 2011 level would lift gold into blue sky territory.
MCX Natural Gas Tips – Above 142 Buy Target 158—162 – Neal Bhai
MCX Natural Gas Tips – Above 142 Buy Target 158—162 – Neal Bhai. US shale oil production shut-in announcements have increased materially in the past two weeks. And after the record setting negative WTI contract move on Monday, we are likely to see even more pronounced shut-in announcements in the coming weeks.
Gold Silver Prices Boom I Told You For Positional Traders Buy – Neal Bhai
Gold Silver Prices Bole Boom Boom, I Told You Lots of Time Jo Dar Gaya Samjho Mar Gaya – Neal Bhai Bullion Reports
Free Gold Silver Tips : Gold Hit My Support Level $1683.48, Now Buy Gold and Silver at CMP, Small Quantity (Call only For Positional Traders) – Neal Bhai Reports
Gold Outlook 2020 – Bank of America Calling for $3,000 Gold in 18 Months
Gold has been one of the best-performing asset classes both year-to-date and since 2019. The precious metal has risen by a third since the start of last year, while its 11.8% gain during a risk-off 2020 has only been beaten by the 30-year US Treasury.
Reserve Bank of India likely Sold a Net $1.8 Billion
The Reserve Bank of India likely sold a net $1.8 billion in the two weeks ended April 10. That follows likely sales of $7.7 billion in the spot forex market last month, which made the authority a net seller for the first time in seven months.
Oil Jumps in Early Asia Trading After Two Days of Huge Selloffs
West Texas Intermediate oil jumps for June delivery gained $1.16 to $12.73 a barrel at 6:04 p.m. in New York. That stemmed a massive selloff over the past two days that took the May contract below zero.